HK Stock Market Move | KB LAMINATES (stock code: 01888) rose over 6% during trading, copper foil manufacturers have announced price increases sequentially, and AI infrastructure construction has driven industry demand.

KB LAMINATES (01888) rose more than 6% during trading hours, up 2.2% as of the writing of this article, at 11.61 Hong Kong dollars, with a trading volume of 1.88 billion Hong Kong dollars. On the news front, Taiwan's Nan Ya recently announced an 8% price increase for its entire range of CCL and PP products, effective from November 20. This price increase is mainly driven by the increase in copper prices, copper foil processing fees, and fiberglass fabric prices. Previously, companies such as Shengyi and Nanya New Material Technology had started to increase prices in October, and the price increase has been relatively smooth, with most of it being implemented in November. Industrial Research believes that AI copper-clad laminates are becoming the engine driving a new round of industry growth. According to calculations, the market size of AI copper-clad laminates (AI servers, switches, optical modules) is estimated to reach 22 billion US dollars in 2025, with a year-on-year growth of 100%. It is expected that in 2026, due to the volume production of ASICs and the copper-clad laminate upgrade to M9 for NVIDIA's new products, the market for AI copper-clad laminates will reach 34 billion US dollars, with a year-on-year growth of 60%. By 2028, it is expected to reach 58 billion US dollars. The compound annual growth rate of AI copper-clad laminates from 2024 to 2028 is estimated to be 52%.